Omaha daily bee., 1887-12-18
WEEKLY BUSINESS REVIEW.
A Fair Supply OF Loanable Funds
on Hand.
THE MARKET REMAINS FIRM.
Trade Generally Quite Active For
This Season of the Year Cattle
Market Somewhat Disap-
pointing-shipping.
In the Commercial, World.

CHICAGO, Dec " Especial Telegram to
the BEE. Bankers report good demand
from all sources for money and claim to have
a far supply of loanable funds ON hand to
meet the general requirements of trade. AS
a rule regular customers Of the banks COM
mand the preference, and very little outside
paper is accepted. Borrowers experience
very little trouble in obtaining favors, but
bankers, as rule, insist on undoubtcd Sc
curity and rather wide margins. Packers are
asking for few favors but their demands
are not pressing and they obtain all the ac-
commodations they need. Spectators in
grain and provisions are moderate borrowers,
but their claims are not so pressing as during
the previous two or three weeks. Lumber
dealers and manufacturers are borrowing
very little money at present. The wholesale
mercantile trade presented some paper for
discount, but they were not pressing in their
demands. The market, in general way, is
very firm. Rates of interest are well sup
ported at 1913 per cent on CALL 70eS per cent
on time loans, with very little paper accepted
at the inside figures Trade, in all depart
ments, is reported quite active for this season
Of the year, and merchants con-
fidentially, expect q further en-
largement after the opening Of the new year.
In eastern financial centers money continues
in good demand and rates of interest are
well maintained at 50o1 per cent. Some re-
lief is expected after the first of the year and
the years business is closed up. Advices
from European financial centcrs indicate
very little change in that quarter. Money
continues in good supply, with fair inquiry
from all departments of trade, and no par
ticulur change to note in interest rates.
New York exchange was offered more freely
during the week just closed, and the market
was unsettled. The demand was fair early,
with few sales between banks at 25c pre-
MUM for 81 900. Near the close the market
was weaker, and sales were made at 5O(660c
discount per $1,000, and closed easy at the
decline. Foreign exchange was in moderate
request and offerings were fair. Early in
week, the feeling was easy but near the close
steadier feeling prevailed and prices ruled
higher again. Shippers sixty days documen-
tary bills on London changed hands at q, ,7915
0o4.S0s4, and the market closed steady at
S4.S0l1d4.S0&. Stocks in New York ex-
hibited a fair degree of activity during the
past week, and the feeling was somewhat
unsettled, though the fluctuations IN prices
were confined within narrow range. Early
in the week, the feeling was weak
and prices ruled lower on all the leading
slightly, and prices were improved tritie,
but near the close ruled easier again, with
prices favoring buyers. The earnings of the
leading railroads are well maintained, but
unlS lcdbuTc uppcdTS W udNc very HIIlc enect.
Wall street operators were only moderate
traders, and outside parties engaged in only
limited transactions. Foreign spectators
traded to moderate extent in specialties.
The sales on the New York stock exchange
for the week aggregated 1,492, 900 shares.
The leading produce markets exhibited about
the usual activity during the week, but con-
siderable nervousness existed, and prices
fuctuated somewhat. though generally con-
fined within narrow range. During the
early part of the week there was considerable
inclination to sell on the part of the 'longs'
both local and outside-and lower figures
Foreign reports were less encouraging. The
stocks of some of the cereals were consider
ably enlarged, and there appeared to be a
general disposition to realize and accept
profits later. The markets exhibited more
strength in II general way, with more pur-
chasing on behalf of 'shorts," and better in
Quiry on the outside for investment. Grains
of all kinds have been fairly active and prices
averaged lower. Provisions were somewhat
unsettled and prices ruled irregular, though
tine market closed rather firm. Arrivals of
grain at western markets We're moderately
free and the export movement shows some
Improvement. The outside movement of live
stock was only fair, and rather disappointing
to parties in that branch of trade. Stocks Of
provisions are gradually increasing, both here
and at country points, while supplies of grain
are increasing slowly, with the exception of
wheat. The shipping movement continues
active, especially to eastern and southern
points, and there are some complaints of
scarcity of cars in some sections. The pack
ing of the west, owing to decreased receipts
returns of last year and the quality of tho
hOue 10 nj vary poo1